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Budget 2026-27 Based MCQ Budget 2026-27 Based MCQ

UPSC CURRENT AFFAIRS NOTES: 03 FEBRUARY 2026 Keywords: Union Budget 2026, 16th Finance Commission, VB-GRAM-G, Article 262, Pennaiyar River, Gravitational Waves, Menstrual Hygiene Rights, Wetlands. GENERAL STUDIES II: POLITY, GOVERNANCE & SOCIAL JUSTICE 1. Inter-State Water Disputes: Pennaiyar River Context: The Supreme Court has directed the Centre to constitute a tribunal to resolve the dispute over the Pennaiyar River. Constitutional & Legal Framework: Article 262(1)

Union Budget 2026-27: Summary & Analysis Context: Presented by Finance Minister Nirmala Sitharaman ( Record 9th consecutive budget) on February 1, 2025. 1. Macroeconomic Fundamentals Capital Expenditure (Capex) vs. Revenue Expenditure Concept: Revenue Expenditure: Recurring expenses that do not create assets (e.g., salaries, pensions, subsidies). Capital Expenditure (Capex): Spending that creates assets or reduces liabilities, leading to future economic benefits (e.g

1. Tripura: Roman Script for Kokborok Language News: Tripura Chief Minister Dr. Manik Saha has announced that the state government is ready to accept the Roman script for the Kokborok language at all levels of examinations under the Tripura Board of Secondary Education. Background: Kokborok is spoken by the majority of people in Tripura. While the language is central to their identity, the move to officially integrate the Roman script is a significant shift for the state'

1. International Relations: India-US Sanctions and Russia Current Issue: A new U.S. bill empowers the president to levy tariffs of up to 500% on nations purchasing oil or uranium from Russia. Impact on India: India already faces a 25% tariff on certain goods, but this bill provides the US administration with the discretion to increase these penalties significantly. The primary objective of the US is to pressure India to "zero out" its Russian oil imports. Background: This

The Paradox of Thrift: Why Your Personal Savings Might Be Hurting the Economy Saving money is a virtue we are taught from a young age; parents, schools, and even governments generally encourage us to build a "rainy day" fund. However, there is a fascinating and counter-intuitive economic theory known as the Paradox of Thrift that suggests this good habit can sometimes lead to national economic disaster. In this post, we’ll explore what the Paradox of Thrift is, how it wor

These are the detailed notes from the daily news analysis for 8th January 2026, based on the editorial and news excerpts provided. 1. Indian Economy: GDP Growth and Trends GDP Growth Forecast: The government has estimated the real GDP growth at 7.4% for the current fiscal year (2025-26). Historical Trends: A review of growth from 2012-13 to the present shows no fixed pattern of consistent increase or decrease; for example, growth was negative during the 2020-21 pandemic